Shares of Eterna Plc have surged by more than 21% on the Nigerian Exchange in October 2025, rebounding from months of declines to trade around N41.
The recovery follows a September low of N33.70 and marks a turnaround from the stock’s extended fall since its April peak of N49.95. The renewed momentum is attributed to stronger half-year results and an optimistic profit outlook.
Eterna reported a profit after tax of N573.8 million for the first half of 2025, compared to a N4.8 billion loss recorded in the same period of 2024. Revenue also rose by 6.8% to N157.6 billion, positioning the company to meet its full-year target of N243 billion.
In September, the company projected a full-year profit of about N1 billion, slightly below its N1.3 billion result in 2024 but still indicating operational stability and efficiency gains.
Eterna shares have now appreciated 68.7% year-to-date, driven by renewed investor sentiment and the company’s strategic capital-raising plan. The stock’s current level near N41 is seen by analysts as a potential entry point for investors targeting prices above N50.
At its 32nd Annual General Meeting in July, shareholders approved a plan to raise up to N50 billion through multiple channels, including public offerings, private placements, and rights issues. The capital injection is aimed at strengthening Eterna’s balance sheet and supporting sustainable growth.
The company’s board has been authorized to issue new shares, appoint advisers, and ensure compliance with all listing and regulatory obligations as part of the funding process.
